New-found wealth in glove sector

Datuk Seri Stanley Thai, Supermax Corp Bhd’s founder has seen his net worth jumping by almost four times from the end of last year. Thai has seen his net worth increase the most, by some 370%. He is now a billionaire with a net worth of RM3.16bil from RM672.62mil at the end of last year, having experienced the biggest increase in his net worth among the glove companies’ main shareholders.

THE Covid-19 pandemic has created a windfall for a handful of people: it has minted a new billionaire in a span of a few months and added many more billions to the net worths of rubber glove companies’ main owners/shareholders.

Datuk Seri Stanley Thai, Supermax Corp Bhd’s founder has seen his net worth jumping by almost four times from the end of last year.